Looking for a friendly tax environment

Does anybody can compare taxes on Forex in different countries? Neither my country of residence, nor my country of citizenship has clear rules to this respect. I just wonder what country makes a trader feel most comfortable when paying taxes.

I am Dutch and in Holland FOREX (or whatever trading gains) and overhere gains are taxfree. One pays capital tax of 1,2% of all funds owned, averaged out on the year. So balance 1-1 against 12-31.

So no taxation of gains or losses directly!

Actually, we have very high taxes on income, but trading gains are not considered income, for me Holland is a Tax haven ;-)

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Dangerous assumption... I'm Dutch as well, but trading gains will be considered income if they are your main/only income stream (like they are for me)...
As long as you have other income and do not spend too much time generating income from trading (because than it's considered a business, which is taxable...) you should be ok...

It's not as straightforward as you say it is.. so I moved out a few years ago..

Where do all you dutch guys trade? All I know of is Market Wizards, oneday trader, something like Accent...
Anyone here that trades remote using a US or UK prop house?

Just to add something to the actual contents of this thread:
Zug is great place to have your business when it comes to taxes, if you are from a commonwealth country try Gibralter, Ireland for capital gains tax.

Dangerous assumption... I'm Dutch as well, but trading gains will be considered income if they are your main/only income stream (like they are for me)...
As long as you have other income and do not spend too much time generating income from trading (because than it's considered a business, which is taxable...) you should be ok...

It's not as straightforward as you say it is.. so I moved out a few years ago..

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Hi H20

Is that true?
I was just about to leave germany end of year to move over, because in germany you get taxed for sure.
I am fulltime trader so no other income but i spent little time trading because i do swingtrading not daytrading.

Dangerous assumption... I'm Dutch as well, but trading gains will be considered income if they are your main/only income stream (like they are for me)...
As long as you have other income and do not spend too much time generating income from trading (because than it's considered a business, which is taxable...) you should be ok...

It's not as straightforward as you say it is.. so I moved out a few years ago..

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Incorrect, income from investing/trading has never been taxed as income (since the new tax system).